Taveras corporation is currently operating at 50% of its available manufacturing capacity. it uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 185,000fixed manufacturing overhead cost $ 2,960,000variable manufacturing overhead cost per machine-hour $ 2.00 required: 1. compute the plantwide predetermined overhead rate.2. during the year, job p90 was started, completed, and sold to the customer for $2,900. the following information was available with respect to this job: direct materials $ 1,334direct labor cost $ 957machine-hours used 76 compute the total manufacturing cost assigned to job p90.

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.